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Required information [The following information applies to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following Items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $15, 140 Cash dividends 12,72e Consulting revenue 2,110 Rent expense 46,010 Salaries expense 16,78e Telephone expense 7,360 Miscellaneous expenses 82,890 $ 83e 12,720 2,988 5,620 780 60e Also assume the following Also assume the following: a. The owner's initial investment consists of $36,880 cash and $46,010 in land in exchange for its common stock b. The company's $16,780 equipment purchase is paid in cash c. The accounts payable balance of $7,360 consists of the $2,110 office supplies purchase and $5,250 in employee salaries yet to be paid d. The company's rent, telephone, and miscellaneous expenses are paid in cash e. No cash has been collected on the $12,720 consulting fees earned Using the above information prepare an October 31 statement of cash flows for Erdet Consulting (Cash outflows should be indicated by a minus sign.) Answer is not complete. ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 my TK mode. his shows What is collect or incorrect for the work you have completed so far. It de 0 Required information IS Statement of Cash Flows For Month Ended October 31 Cash flows from operating activities Cash received from customers Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash paid for miscellaneous expenses Net cash provided by operating activities Cash flows from investing activities 370 2,380 780 X 600 X $ 4,130 0 Cash flows from financing activities Cash paid for office equipment 16,780